I'll just show ES, but a lot of assets, especially the ones I rattled off two posts ago, are showing leading positives picking up VERY fast.
ES 1 min leading positive. I'm thinking there may be 1 more pullback in the range and this divergence gets bigger.
I like it right where it is though, it tends to confirm the knee-jerk F_O_M_C response that is always expected.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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